earnings
confidence high
sentiment neutral
materiality 0.75
Gran Tierra Q1 net loss $19M; record production 46,647 boepd; new $75M Colombia credit facility
GRAN TIERRA ENERGY INC.
2025-Q1 EPS
reported -$0.54
vs consensus -$0.23
▼ miss
(-132.5%)
- Q1 net loss of $19M vs $0.0M in Q1 2024; oil sales $171M (+8% YoY) driven by 45% higher volumes.
- Record average production 46,647 boepd (+45% YoY, +14% from Q4 2024); current run rate ~48,400 boepd.
- Adjusted EBITDA $85M vs $95M in Q1 2024; trailing net debt/EBITDA 1.9x; paid down $27M of debt.
- Signed new $75M reserve-based credit facility in Colombia (36-month term); cash $77M, liquidity ~$110M undrawn.
- Reaffirmed 2025 guidance: production 47,000-53,000 boepd; base case capex $240-280M; exploration success in Ecuador.